Charles Schwab’s profit jumped during the third quarter as the brokerage firm’s customers added billions of dollars to their accounts and used Schwab’s lending and wealth management services.
Charles Schwab’s profit jumped during the third quarter as the brokerage firm’s customers added billions of dollars to their accounts and used Schwab’s lending and wealth management services.
Schwab posted second-quarter earnings per share of $1.62, beating the analyst estimate of $1.54. Revenue came in at a record $7.1 billion, up 21% year-over-year and above the $6.85 billion consensus.
The Charles Schwab Corporation (NYSE:SCHW) reported first-quarter results that exceeded analyst expectations, driven by robust client engagement and record trading activity.
A surge in investor activity boosted Charles Schwab (SCHW) profits in 2025, but the company’s fourth-quarter results fell just a tad short of Wall Street expectations.